Displaying items by tag: Madhya Pradesh

India: The board of ACC has approved plans to build a new cement plant at Ametha, District Katnl in Madhya Pradesh. The unit will have a clinker production capacity of 3Mt/yr and a cement production capacity of 1Mt/yr. The subsidiary of Switzerland’s LafargeHolcim plans to expand a 1.6Mt/yr grinding plant at Tikaria, Uttar Pradesh and a 2.2Mt/yr grinding plant also in Uttar Pradesh. The board also agreed to build a 1.1Mt/yr grinding plant at an existing unit at Sindri in Jharkhand. The projects are expected to cost around US$417m.

India: The board of directors of Sagar Cements has approved investments in new cement plants in Madhya Pradesh and Odisha. It plans to invest US$21m in Satguru Cement towards building a new 1Mt/yr plant at Indore in Madhya Pradesh. The project will also include a waste heat recovery unit. The total cost of the project is US$60m. Sagar Cements will hold a 65% equity share in Satguru Cement upon completion.

In Odisha the company has approved an investment of US$15m in Jajpur Cements in Jajpur. This project will build a new 1.5Mt/yr cement plant. The project has a total budget of US$43m. It is subject to approval by the Government of Odisha and other regulatory authorities as required.

India: Power stations owned by the Government of Madhya Pradesh are struggling to dispose of fly ash. The power companies were required to dispose of all fly ash in applications such as cement production or construction projects by the end of 2017, according to the Times of India newspaper. However, less than 20% of fly ash has been disposed of from the Shri Singaji Thermal Power Station (SSTPS) and only 20% fly ash has been disposed of at the Satpura Thermal Power Station (STPS).

An employee of a power plant quoted by the newspaper said that the power companies were able to dispose of fly ash where cement plants were nearby but that they found it a ‘great struggle’ elsewhere. A K Nanda, the managing director of the Madhya Pradesh Power Generation Company, said that the STPS had received no interest for an expression of interest since mid-2018. He added that the company was also approaching cement-based industries through social-media channels.

India: Two employees have died from a fall at the Birla Corporation’s cement plant at Maihar in Madhya Pradesh. The workers reportedly fell from an overhead platform, according to the Press Trust of India. Materials stacked on the platform also fell, burying the workers and other labourers. Piyush Tiwari, a mechanical engineer aged 35 years, and Prabhu Dayal Patel, a labourer aged 40 years, both died at the scene. The other labourers were unhurt. Local residents protested at the site following the accident setting fire to administrative buildings and two vehicles. Police are investigating the fatalities.

India: India Cements has entered into a share purchase agreement to buy Springway Mining for around US$25m. It says it has made the purchase to build a new cement plant in Madhya Pradesh. The cement producer plans to build a 1.5Mt/yr grinding plant in East Nimar, according to the Hindu newspaper. Springway Mining operates a mining and quarrying business.

India: Prism Johnson, formerly known as Prism Cement, has received a letter of intent from the state government of Madhya Pradesh allocating it a mining lease for limestone. The agreement lasts 50 years for a site at Bairiah and Chormari villages and it includes approximately 77Mt of reserves.

India: UltraTech Cement’s consolidated net sales rose by 27% year-on-year to US$1.3bn in the quarter that ended on 30 June 2018 from US$1.01bn in the same period in 2017. However, its profit after tax dropped by 30% to US$92m from US$131m.

The cement producer also said that it agreed to buy the cement assets of Century Textiles & Industries in the reported quarter and that it commissioned a 1.75Mt/yr grinding unit at its Manawar plant in Dhar District, Madhya Pradesh.

India: UltraTech Cement has commissioned a 1.75Mt/yr grinding unit at its Manawar plant in Dhar District, Madhya Pradesh. The main part of the 2.5Mt/yr integrated plant was commissioned in April 2018. A 13MW waste heat recovery unit is also being built at the site.

India: UltraTech Cement has agreed an acquisition schedule to buy the cement assets of Century Textiles & Industries. The cement production subsidiary of BK Birla Group comprises three integrated plants in Madhya Pradesh, Chhattisgarh and Maharashtra respectively with a combined production capacity of 11.4Mt/yr and a 1Mt/yr grinding plant in West Bengal.

The takeover has been arranged via a demerger process whereby Century Textiles’ shareholders will be given shares in UltraTech Cement. The deal is subject to approval from shareholders, creditors, competition bodies and others. It is expected to be completed by early 2019.

India: UltraTech Cement has won the Deora-Sitapuri-Udipyapura limestone mining block in Madhya Pradesh in a state auction. The block has a reserve of around 54Mt and it is spread over an area of 345 hectares. The company said that the block is near to the existing limestone quarry of its recently commissioned Dhar Cement plant. It added that the new limestone reserve would be useful in augmenting the capacity of the plant in the future.